Transaction in Own Shares

Second Advance Value Realisation Co
02 August 2004


Purchase of own Ordinary 0.01p Shares

Second Advance Value Realisation Company Limited announces that it has today, 2
August 2004, purchased 750,000 of its own Ordinary 0.01p Shares in the market
for cancellation at a price of 190.125p per share.

The remaining outstanding securities in the above class after the cancellation
of the shares will be 4,325,875.









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